US Bancorp DE Reduces Stake in Vectren Corp (VVC)

US Bancorp DE decreased its holdings in shares of Vectren Corp (NYSE:VVC) by 23.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,160 shares of the utilities provider’s stock after selling 7,757 shares during the quarter. US Bancorp DE’s holdings in Vectren were worth $1,636,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Telemus Capital LLC purchased a new stake in shares of Vectren during the fourth quarter worth $175,000. Boothbay Fund Management LLC purchased a new stake in shares of Vectren during the third quarter worth $203,000. Bbva Compass Bancshares Inc. purchased a new stake in shares of Vectren during the third quarter worth $206,000. Klingenstein Fields & Co. LLC purchased a new stake in shares of Vectren during the third quarter worth $207,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Vectren during the fourth quarter worth $208,000. 63.84% of the stock is owned by institutional investors and hedge funds.

Vectren Corp (NYSE VVC) opened at $62.97 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.90. The firm has a market cap of $5,195.95, a PE ratio of 23.24, a PEG ratio of 3.65 and a beta of 0.69. Vectren Corp has a 1 year low of $54.08 and a 1 year high of $69.86.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.80 annualized dividend and a dividend yield of 2.86%. Vectren’s payout ratio is 66.42%.

A number of equities research analysts have recently issued reports on VVC shares. Citigroup upped their target price on shares of Vectren from $66.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, November 20th. ValuEngine cut shares of Vectren from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Guggenheim cut shares of Vectren from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 2nd. Finally, Wells Fargo & Co set a $58.00 price target on shares of Vectren and gave the company a “hold” rating in a research report on Tuesday, February 13th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $66.00.

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Vectren Company Profile

Vectren Corporation (Vectren) is an energy holding company. The Company segregates its operations into groups, including the Utility Group, the Nonutility Group, and Corporate and Other. The Company’s subsidiary, Vectren Utility Holdings, Inc (Utility Holdings or VUHI), serves as the intermediate holding company for three public utilities: Indiana Gas Company, Inc (Indiana Gas), Southern Indiana Gas and Electric Company (SIGECO) and Vectren Energy Delivery of Ohio, Inc (VEDO).

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Institutional Ownership by Quarter for Vectren (NYSE:VVC)

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